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Updated June 1, 2001 4:02 p.m. ET

LG Telecom to Form 3G Wireless Consortium

South Korea's LG Telecom Co. expects to form a consortium on third-generation wireless service based on CDMA-2000 technology within the next two weeks, according to a company official Friday. The official, who declined to be named, said the company will launch the consortium after it completes its search for local and foreign members for the consortium. LG Telecom is still in talks with Canada's Telesystem International Wireless Inc., Verizon Communications Inc. of the U.S. and another overseas telecommunications company to jointly lead the consortium. Results are expected...